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U.S. hotel market performance upticks in January

Posted on 26 February 2013

According to STR, the U.S. hotel industry reported increases in all three key performance metrics during January 2013. Overall, the U.S. hotel industry’s occupancy rose 3.6 percent to 51.0 percent, its average daily rate was up 5.1 percent to US$105.96 and its revenue per available room increased 8.8 percent to US$54.02.

“January RevPAR growth rate was the strongest performance we’ve seen since June 2012,” said Brad Garner, STR’s COO. “The results were driven both by solid ADR and demand gains with Washington D.C., Miami and New York among the top performers………………………………………..Full Article: Source


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